CHICAGO, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)APPRAISAL INSTITUTE EDUCATION AND RELIEF FOUNDATION, founded in 1963, is a small nonprofit in the Education sector that reported $266K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $390K exceeded revenue, resulting in a 47% operating deficit.
THE AIERF IS ORGANIZED FOR CHARITABLE, LITERARY, EDUCATIONAL AND SCIENTIFIC PURPOSES. IN FURTHERANCE OF THESE PURPOSES, BUT ALWAYS LIMITED BY THE FOREGOING GENERAL PURPOSES, AIERF SHALL HAVE THE POWER TO: (1) RECEIVE, ADMINISTER AND DISBURSE FUNDS FOR THE PURPOSE OF IMPROVING, ADVANCING, RESEARCHING AND TEACHING THE TECHNIQUES OF REAL ESTATE APPRAISAL, WITH BENEFITS TO BE MADE AVAILABLE TO THE INTERESTED PUBLIC; (2) PROVIDE EMERGENCY FINANCIAL ASSISTANCE (I) TO DESIGNATED MEMBERS, CANDIDATES, PRACTICING AFFILIATES, AFFILIATES, EMPLOYEES (AND THEIR DEPENDENTS) OF THE APPRAISAL INSTITUTE, AN ILLINOIS NOT FOR PROFIT CORPORATION ORGANIZED UNDER THE CODE, AND (II) TO INDIVIDUALS WHO HAVE MADE MEANINGFUL CONTRIBUTIONS TO THE REAL ESTATE PROFESSION (COLLECTIVELY, "RECIPIENTS"), WHO HAVE EXPERIENCED A DISASTER OR EMERGENCY THAT HAS LEFT THE RECIPIENTS IN A STATE OF FINANCIAL, PHYSICAL, OR EMOTIONAL DISTRESS; (3) PROMOTE AND CONDUCT RESEARCH AND STUDY INTO ALL ASPECTS OF REAL ESTATE APPRAISAL, WITH FINDINGS AND CONCLUSIONS TO BE MADE AVAILABLE TO THE INTERESTED PUBLIC; (4) FOSTER THE ESTABLISHMENT OF EDUCATIONAL STANDARDS FOR REAL ESTATE APPRAISALS; (5) MAINTAIN A LIBRARY AND ENCOURAGE AND CAUSE THE WRITING AND PUBLICATION OF TREATISES, BOOKS AND PAMPHLETS RELATING TO REAL ESTATE APPRAISAL, WHICH ARE TO BE MADE AVAILABLE TO THE INTERESTED PUBLIC; (6) ENCOURAGE AND INTEREST EDUCATIONAL AND OTHER ORGANIZATIONS IN IMPROVING, ADVANCING AND TEACHING REAL ESTATE APPRAISAL; (7) PROVIDE SCHOLARSHIPS AND GRANTS TO QUALIFIED PERSONS FOR EDUCATION IN OR WORK IN THE FIELD OF REAL ESTATE APPRAISAL; AND (8) ENGAGE IN SIMILAR ACTIVITIES IN FURTHERANCE OF THE PURPOSES STATED ABOVE.
EDUCATIONAL PROGRAMS & INITIATIVES - TO PROVIDE SUPPORT TO QUALIFIED PERSONS' EDUCATION IN THE FIELD OF REAL ESTATE APPRAISAL.
EMERGENCY ASSISTANCE - TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR PROFESSIONALS IN THE APPRAISAL PROFESSION WHO HAVE EXPERIENCED A DISASTER OR EMERGENCY THAT HAS LEFT THE RECIPIENT IN A STATE OF...
EMERGENCY ASSISTANCE - TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR PROFESSIONALS IN THE APPRAISAL PROFESSION WHO HAVE EXPERIENCED A DISASTER OR EMERGENCY THAT HAS LEFT THE RECIPIENT IN A STATE OF FINANCIAL, PHYSICAL, OR EMOTIONAL DISTRESS.
OPERATING SUPPORT OF THE Y.T. AND LOUISE LEE LUM LIBRARY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $266,196 | $489,116 | -0.5% |
| Expenses | $390,453 | $343,891 | +0.1% |
| Net Income | $-124,257 | $145,225 | -1.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SARA BAKER MAI SRA | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELLI KLINE MAYHEW MAI SRA | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLAIRE M AUFRANCE MAI SRA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARI CARLSON MAI AI-GRS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE COOPER MAI SRA | AI-GRS, AI-RRS; TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES M DARLING SRA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD DEVERDIER MAI SRA | AI-GRS; TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARON HARBIN MAI SRA | AI-GRS; TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BETSY K HUGHES SRA AI-RRS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY HYDE MAI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE W KRUEGER MAI AI-GRS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RUSSELL STERLING MAI AI-GRS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEREMY KELLER SRA AI-RRS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA MITAKIS | SECRETARY | 1.00 |
Officer
|
$0 | $14,958 | $190,684 |
| BEATA SWACHA CPA CAE | TREASURER (THROUGH Q1 2023) | 1.00 |
Officer
|
$0 | $28,451 | $431,532 |
| LAWRENCE WAN | TREASURER (SINCE Q2 2023) | 1.00 |
Officer
|
$0 | $26,349 | $189,775 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $266,196 | $390,453 | $7,725,512 | $-124,257 |
| 2022 | $489,116 | $343,891 | $6,811,349 | $145,225 |
| 2021 | $564,984 | $292,516 | $8,544,093 | $272,468 |
| 2020 | $412,492 | $277,698 | $7,620,437 | $134,794 |
| 2019 | $295,243 | $290,309 | $6,668,756 | $4,934 |
Compare APPRAISAL INSTITUTE EDUCATION AND RELIEF FOUNDATION with other nonprofits in Illinois and across the country.